Samsung apparently doesn't want to be left behind, and the Galaxy S6, as well as its S6 Edge sidekick with the curved display, will be the first phones to implement the company's own take on mobile payments. Previously it was rumored that the system will be based on the Burlington, Mass. LoopPay technology, and the latest report in the Korean media confirms that, and ties the launch with the unveiling of the Galaxy S6.

The new mobile payment system doesn't require NFC to be built into phones, but mimics a credit card swipe instead, so it could be accepted at much more merchants than Apple Pay worldwide, currently to the tune of 10 million. Insiders mention it will be available through different providers in different regions, which makes sense, if it will be indeed similar to LoopPay's tech, which you can see detailed in the video below.

Samsung does plan on offering extra security authentication via the fingerprint scanner embedded in the home button. This might explain why with the Galaxy S6 the company is reportedly switching from the current swipe scanner to a touch-based sensor, similar to what Apple, Huawei or Meizu utilize in their handsets. Remember that "special function" that Samsung's chief of investor relations mentioned last week to be in the upcoming flagship? Well, a universal payment system does sound like something special to us, but we will see for sure what Samsung meant on March 1st, when the handset is about to be unveiled.

22.engineer-1701d (unregistered)

I don't know if anyone else knows this but Samsung has had a mobile payment system for about 3 years called Samsung wallet that came out same time as google wallet I used it a little when it first came out but but didn't like the look of the app it was based on the Isis style payment app they have partners like amex, continental and some other big names. But looppay is old news the great thing is it works with all credit card machines not NFC type but it's also a big waste of time if they just cleaned up the old Samsung wallet app

Would Aple have had a 1080 p display if no one else had it? Would APple have a fingerprint reaer if no one else had it? Would Apple have the Mac of a GUI if someone else didn't have it? Would Apple have a tablet if no one else had it? Would Apple have a smartphone if no one else had one? Would Apple have an Ipod if no one else had a portable music player?

Would Apple have apple Pay if Google didn't have Wallet? Hmmm!
Just showing you how ignorant and stupid you people sound.

Everyone follows market trends. Why is it a problem for Samsung too? After all Google had Wallet first, didn't they?

Seems Apple pay was in response to Google Wallet and Samsung Wallet which have been around way before Apple pay. Many of us predicted this as it happens everytime, Apple copies somethikng and now they are the first to do it, it happens so often now its easy to call and Apple fans continue to embaress themselves thinking that its true.

Come on Daniel, when talking about Touch based scanners, you only need to mention Apple. You tech journalist try so hard not to make it look like they are not copying Apple. This company is a straight rip off and their mobile sales will continue to crumble. Samsung pay and Touch ID? Please!

You do realise that Samsung wallet and Google wallet have been around much longer then Apple pay and is the reason why Apple pay even exists, Apple had to copy. If anything this article is false and is making out Samsung IS copying Apple when in reality they have had payment systems way before Apple ever did but isnt mentioned in this article for some reason. It quite deceiving. IMO Apple are the copycats these days, everything they do isnt original and has been done before, bigger screen, Apple pay, NFC, pull down notifications, the list goes on and on. They were the first to do 64bit though.

oh wow, this is actually great. I hope they do not bet on making it the main selling point for the S6, cuz uh that'll take a while to materialize with the marketing that goes into this.

It feels like just another nerdy approach to a solution cry out "Hey, we can do this too and a little more than that," then it'll eventually die off and the hype goes away (we won't forget all those who'll keep defending it even when it fails to catch on

not suprised...but it's no longer about innovation for apple...it's all about convenience. so whatever samsung does will not take away from what apple users need on iOS. and it's too challenging for the mass to convert to understand Touchwiz over iOS. ApplePay will still reign supreme as far as mobile payments go whatever any smartphone manufacturer implements

It's kind of one of those things where payment systems won't make you buy one phone over the other unless one works way better than the other. Honestly this is Samsung playing catchup to Apple Pay to try and take away one reason to pic the iPhone over the S6. It's not just Apple though. Sammy is having a hard time moving out in front of other Android devices at the moment. They lost their steam and it's hard to get it back. Unless they come out with a month of battery life or something crazy, they will continue to loose market share and their phones will just be keeping up with the competition and not leading it.

The cases are for people whodont have the magnetic strip built in, which is every phone out right now.

What is great here is it is using the existing technology where APple Pay is stuff with NFC. This opens a bigger door because it is compatible with nearly all merchant card readers while Apple Pay is nt. Apple Pay requires a system hardware upgrade to support. Loop Pay doesn't.

27.GeekMovement (unregistered)

lol, when I said "similar technology", I meant that of the one from loop pay, not Apple pay (not sure why you thought I was talking about apple). I agree that I like this method of using existing technology to pay rather than using NFC. I read the article and watched the video, so I know the difference, but thanks for pointing it out anyway. (-:

Why is this article making out Apple pay was before Samsung? Samsung has had Samsung Wallet and Google wallet for many years now but this article makes out Samsung is behind. Apple pay played catch up and now its made out like its the first to do it? smh

Best Android photo and video apps

Best iPhone camera apps

All content (phone reviews, news, specs, info), design and layouts are Copyright 2001-2019 phoneArena.com. All rights reserved. Reproduction in whole or in part or in any form or medium without written permission is prohibited! Privacy . Terms of use . Cookies